Automobiles generally depreciate 14% per year. Hamid purchased a Smart Car for $25 000. (5 marks)
Create an equation that represents the value of this new vehicle over time, in years.
What would its value be after 20 years?
How long will it take for the Smart Car to lose three-quarters of its original value?

Question

Automobiles generally depreciate 14% per year. Hamid purchased a Smart Car for $25 000. (5 marks)
Create an equation that represents the value of this new vehicle over time, in years.
What would its value be after 20 years?
How long will it take for the Smart Car to lose three-quarters of its original value?

anonymous · Answer

@kc_kennylau

anonymous · Answer

hi can you help me form the equation ?

kc_kennylau · Answer

Sorry I have to go now, hopefully someone else will help you :/

anonymous · Answer

it wont take long

anonymous · Answer

i dont know if this is completely right, but the equation would be : value after n years2 =  $$25,000(1-14/100)^{n}$$

or

$$25,000(1-0.14)^{n}$$